Economy

Banks ‘need to win back community trust’
5 December 2017
mortgagebusiness

The Australian banking industry needs to win back community trust and “better explain the value [it brings] to the community and the Australian economy and, in so doing, better preserve ...

PIPA announces changes to leadership team
4 December 2017
mortgagebusiness

The Property Investment Professionals of Australia has announced changes to its leadership team, after property expert Ben Kingsley stepped down as chairman.

Youi pays $164,000 for poor insurance sales practices
4 December 2017
mortgagebusiness

Insurance provider Youi has refunded 102 consumers approximately $14,000 and will pay $150,000 as a community benefit payment to the Financial Rights Legal Centre’s Insurance Law Service, ...

Banking royal commission could force S&P revision
4 December 2017
mortgagebusiness

Standard & Poor’s has warned that a royal commission into the banks could force the ratings agency to revise its view of the Australian banking sector.

Heritage Bank appoints new CFO
4 December 2017
mortgagebusiness

Heritage Bank has announced the appointment of Paul Williams to the chief financial officer role on a permanent basis.

‘No evidence’ of housing oversupply: HIA
4 December 2017
mortgagebusiness

The Housing Industry Association has upgraded its forecasts for new home building activity as sales remain strong.

RedZed prices $250m specialist mortgage bond
30 November 2017
mortgagebusiness

The non-bank lender has successfully priced its $250 million specialist RMBS transaction “RedZed Trust Series 2017-2”.

Aussies pin financial hopes to future house price
30 November 2017
mortgagebusiness

Many Australians are reliant on the trajectory of house prices for their future financial stability, according to a new survey.

Government agrees to hold royal commission into banks
30 November 2017
mortgagebusiness

Prime Minister Malcolm Turnbull has announced that the government will launch a royal commission into the banks, after the four major banks called for a “properly constituted inquiry” into ...

Housing imbalances still exposing banks to risk: S&P
29 November 2017
mortgagebusiness

Standard and Poor’s has released a new Australian banking sector update which reveals that both house prices and private sector borrowing imbalances are still exposing the banks to risk